All Employees: Construction: Nonresidential Building Construction in Louisiana
Monthly, Seasonally Adjusted
SMU22000002023620001SA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.05
Year-over-Year Change
-5.31%
Date Range
1/1/2004 - 7/1/2025
Summary
This U.S. economic trend measures monthly total nonfarm employment, seasonally adjusted, in the Cleveland-Elyria, OH metropolitan area. Employment data is a key indicator of economic activity and used by policymakers to assess the health of local and regional labor markets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Monthly, Seasonally Adjusted employment trend tracks the total number of nonfarm jobs in the Cleveland-Elyria, OH metro area on a monthly basis, with seasonal factors removed. This provides a more reliable measure of underlying employment trends in the region compared to raw data.
Methodology
The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
Economists and policymakers monitor regional employment trends to understand local economic conditions and support effective policy decisions.
Key Facts
- Cleveland-Elyria metro area has over 1 million residents.
- Unemployment rate in the region was 4.5% as of the latest data.
- The Cleveland metro accounts for about 20% of Ohio's total employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of nonfarm jobs in the Cleveland-Elyria, OH metropolitan area on a monthly basis, with seasonal factors removed.
Q: Why is this trend relevant for users or analysts?
A: Employment data is a key indicator of economic activity, and this regional trend provides important insights into the health of the local labor market that can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor regional employment trends to understand local economic conditions and support effective policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (SMU22000002023620001SA), retrieved from FRED.